Building Details

Year Built 1993

Tenancy Single

Listing Agency: Atlantic Capital Partners

Listed By: David Hoppe · License #NC 288268 Show Phone

Source: Crexi

Added: May 13 Changed: Oct 7 Last Checked: Oct 19 at 4:34AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners

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Investment Insights

Based on property information with market context.

This for-sale automotive-oriented commercial property is listed with an 8.25% cap rate. The property is presented as an automotive retail space and is sized at 8,075 square feet.

The asset is located at 3130 S Crater Rd in Petersburg, VA 23805. The seller’s remarks highlight potential synergies with nearby auto parts stores.

The offering is positioned for investors and operators seeking an automotive-focused retail property, with pricing shown at $1,105,000.

Key Highlights

• Automotive‑oriented property built in 1993
• Marketed with an 8.25% cap rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,132

Cap Rate

7.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,762,640 $1.8M

Cap Rate 7%

$1,259,029 $1.3M

Cap Rate 9%

$979,244 $979.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,075 SF

Gross rent

$137.6K $17.04/SF

− Vacancy

−$11.7K −$1.45/SF

EGI

$125.9K $15.59/SF

− OpEx

−$37.8K −$4.68/SF

NOI

$88.1K $10.91/SF

Area

Petersburg County, VA

Vacancy

8.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,762,640

Cap Rate 7%

$1,259,029

Cap Rate 9%

$979,244

Alternative Uses

Best Use

Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,132 @ 7.0% cap · market cap 7.98%

Second Best

Industrial

$731.4K

$640.0K – $853.3K (±1% cap)

NOI $51,198 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,592 @ 7.0% cap · market cap 11.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

566

Businesses Nearby

177k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 69% Dining 25% Groceries 4% Apparel 2%

Wawa Shops & Services

42,203 visits/mo 0.1 miles

Sheetz Shops & Services

40,746 visits/mo 0.4 miles

Arby's Dining

9,387 visits/mo 0.5 miles

Taco Bell Dining

9,365 visits/mo 0.4 miles

Roses Discount Store Shops & Services

9,191 visits/mo 0.5 miles

Demographics for 23805, VA

19,656

Population

9,272

Households

2.1

Avg Household Size

44

Median Age

23%

College-Educated

90%

High-School Grad

71.5 sq mi

ZIP Area

275

Density / Sq Mi

$65,811

Median Household Income

$40,759

Median Earnings

$1,207

Median Rent

$208,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Walmart Auto Care Centers — 3500 S Crater Rd, Petersburg, VA 23805
• Maaco Auto Body Shop & Painting — 40 Seyler Dr, Petersburg, VA 23805
• VA Window Tint — 3140 S Crater Rd, Petersburg, VA 23805
• Pep Boys — 3120 S Crater Rd, Petersburg, VA 23805
• Tread Setters — 3219 S Crater Rd, Petersburg, VA 23805

Frequently Asked Questions

What type of property is this?

Auto shop - For sale automotive-oriented property with an 8.25% cap rate, marketed for synergies with nearby auto parts stores.

Where is this auto shop located?

The property is located at 3130 S Crater Rd Petersburg, VA.

What is the asking price?

The asking price for this property is $1,105,000.

What are key features of this property?

This property features: Automotive‑oriented property built in 1993; Marketed with an 8.25% cap rate